According to ChainCatcher, Layer2 network Frame announced on X platform that it has completed a new round of financing. Electric Capital, 9gag founder Ray Chan, Luca Netz and former Sushiswap CEO 0xMaki participated in the investment. The specific amount has not been disclosed.

Frame launched the test network in November this year. Its main network and native token FRAME are expected to be launched on January 31, 2024. In addition to receiving the latest investment, Frame also announced that it will launch an airdrop event for FRAME for active NFT traders on the Ethereum chain in the past two years.